The Eyebrows to the left have it

Introduction

Income Tax

Capital Gains Tax

Corporation Tax

Main Capital Allowances

Value Added Tax

Inheritance Tax

Vehicle Benefits

Mileage Allowances

NI Contributions

Key Dates & Deadlines

Pension Premiums

Charitable Giving

Savings & Investments

Some Useful Rates

Stamp Taxes

Return


     

National Insurance Contributions


Class 1 (not contracted out) Employer Employee
Lower earnings limit   £90
Payable on weekly earnings    
£105.01 - £770 12.8% 11%
Over £770 12.8% 1%
Over state retirement age 12.8% Nil
   
Class 1A (on relevant benefits) 12.8% Nil
   
Class 1B (on PAYE settlement arrangement) 12.8% Nil
   
Class 2 (Self employed) £2.30 per week
Limit of net earnings for exception £4,825 per annum
   
Class 3 (Voluntary) £8.10 per week
   
Class 4 (* Self employed on profits)  
£5,435 to £40,040 8%
Excess over £40,040 1%
*Exemption applies if state retirement age was reached by 6 April 2008.


Note

For those earning between £90 per week and £770 per week, employers receive a rebate of 1.4% on contracted out money purchase schemes or 3.7% on contracted out final salary schemes, and employees, a rebate of 1.6% for either scheme.